Your firm has an average-risk project under consideration. You choose to fund the project in the same manner as the firm's existing capital structure. If the cost of debt is 9.50%, the cost of preferred stock is 10.00%, the cost of common stock is 12.00%, and the WACC adjusted for taxes is 11.50%, what is the IRR of the project, given the expected cash flows listed here? Use a financial calculator to determine your answer.

Your firm has an average risk project under consideration. You choose to fund the project in the same manner as the firm's existing capital structure. If the cost of debt is 9.50%, the cost of preferred stock is 10.00%, the cost of common stock is 12.00%, and the WACC adjusted for taxes is 11.50%, what is the IRR of the project, given the expected cash flows listed here? Use a financial calculator to determine your answer. Category $800,000 Investment $50,000 $50,000 NWC $350,000 $350,000 $350,000 Operating Cash Flow $20,000 Salvage $850,000 $350,000 $350,000 $420,000 Total Incremental Cash Flow O A. About 11.50% O B. About 28.30% O C. About 14.67% O D. There is not enough information to answer this